Marks and Spencer 2003 Annual Report Download - page 29

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www.marksandspencer.co m 27
Group Company
29 March 30 March 29 March 30 March
2003 2002 2003 2002
Notes £m £m £m £m
Fixed assets
Tangible assets:
Land and buildings 2,148.4 2,166.9 ––
Fit out, fixtures, fittings and equipment 1,248.2 1,187.3 ––
Assets in the course of construction 38.5 27.0 ––
13 3,435.1 3,381.2 ––
Investments 14 31.5 50.3 7,643.2 7,643.2
3,466.6 3,431.5 7,643.2 7,643.2
Current assets
Stocks 361.8 325.3 ––
Debtors:
Receivable within one year 15A 907.9 952.1 247.8 134.2
Receivable after more than one year 15B 1,547.5 1,667.2 ––
Investments 16 304.0 272.7 ––
Cash at bank and in hand 17 167.9 543.4 ––
3,289.1 3,760.7 247.8 134.2
Current liabilities
Creditors: amounts falling due within one year 19 (1,678.9) (1,750.8) (2,246.8) (1,858.1)
Net current assets/(liabilities) 1,610.2 2,009.9 (1,999.0) (1,723.9)
Total assets less current liabilities 5,076.8 5,441.4 5,644.2 5,919.3
Creditors: amounts falling due after more than one year 20 (1,810.0) (2,156.3) ––
Provisions for liabilities and charges 22 (228.4) (203.8) ––
Net assets 3,038.4 3,081.3 5,644.2 5,919.3
Capital and reserves
Called up share capital 24,25 685.7 852.7 685.7 852.7
Share premium account 25 23.8 2.8 23.8 2.8
Capital redemption reserve 25 1,886.9 1,717.9 1,886.9 1,717.9
Revaluation reserve 25 370.6 387.3 ––
Other reserve 25 (6,542.2) (6,542.2) ––
Profit and loss account 25 6,613.6 6,662.4 3,047.8 3,345.9
Shareholders’ funds (including non-equity interests) 25 3,038.4 3,080.9 5,644.2 5,919.3
Minority interests (all equity) –0.4 ––
Total capital employed 3,038.4 3,081.3 5,644.2 5,919.3
Equity shareholders’ funds 2,920.2 2,804.9 5,526.0 5,643.3
Non-equity shareholders’ funds 118.2 276.0 118.2 276.0
Total shareholders’ funds 3,038.4 3,080.9 5,644.2 5,919.3
Approved by the Board
19 May 2003
Luc Vandevelde, Chairman
Roger Holmes, Chief Executive
Alison Reed, Chief Financial Officer
Balance sheets